DECEMBER 20258TOTALENERGIES PLANS 6% ADANI GREEN STAKE SALE WORTH 10,200 CRTHERMO FISHER INVESTS 160 CR TO BOOST ANTIBODY RESEARCHTotalEnergies move to reportedly sell up to a 6 per cent stake in Adani Green Energy Ltd (AGEL) signals a strategic recalibration in global renewable energy capital flows, even as India's clean energy growth story remains intact. Industry reports suggest that the proposed stake sale could be worth nearly 10,200 crore, based on AGEL's current market capitalization of about 1.69 trillion.In January 2021, the French energy giant had bought a majority stake of 19.75 per cent of AGEL at a value of ISRO Navigation efforts received a major push today as Chairman S. Somanath Narayanan praised private players for entering the demanding field of spacecraft and defence navigation.He said their role would strengthen India's path toward becoming a developed nation by 2047.Narayanan stressed that navigation systems are among the most complex technologies in aerospace, and ISRO Navigation work alone cannot meet the country's full needs. He welcomed Ananth Technologies' move into the sector, calling it a key step toward cutting reliance on imports.circa 2.5 billion dollars as a wider strategy to increase its presence in renewable energy activities in India and access the rapidly growing portfolio of solar and wind energy assets directly. The current holding in Adani Green of TotalEnergies is worth nearly $8 billion, and the company has been reported to be seeking to cash in a portion of its stake in Adani Green to secure huge profits.In September, TotalEnergies CEO Patrick Pouyanne had already signalled the possibility of a sale. Pouyanne said, "If I were able to sell a quarter of my shares to recoup my $2 billion and to be neutral, I would be very happy." The potential transaction aligns with TotalEnergies' focus on debt reduction and capital discipline. The company is considering the sale of additional renewable assets in Asia and has indicated that it would cut annual capital use by $1 billion by 2027-2030 as part of a 7.5 billion cost savings initiative.Established in 2015, Adani Green has emerged as one of India's largest renewable power companies, operating more than 16.6 GW of green energy capacity with a target of 50 GW by 2030. Despite earlier pauses on new investments amid regulatory scrutiny, Pouyanne reiterated in June that, "On the renewable side, we continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity. So, we will continue to support this growth." He spoke after opening Ananth Technologies' new Centre of Excellence in Navigation at Kinfra Park in Thiruvananthapuram. The Hyderabad-based firm works closely with ISRO, DRDO, and BrahMos.Narayanan said he inspected the facility himself and found it "world-class," adding that it would play a vital role in future national projects. India has long depended on foreign navigation systems for space missions as well as missile and defense platforms. Indigenous development, he said, would help reduce long-term costs.He explained that early-stage development would match global costs because only a few units are built at first, but large-scale production would bring prices down notably.Sharing updates on the Gaganyaan human spaceflight mission, Narayanan said 8,000 tests have been completed so far, covering propulsion, simulations, structural checks, and acoustic trials. ISRO is now closing in on final software development. The mission is targeting 2027, with three unmanned flights scheduled before the crewed launch. Work on the first unmanned mission is already in progress.Narayanan also confirmed that ISRO plans to launch the first private PSLV-N1 this financial year. He added that preparations for the BlueBird mission are on, though a launch date is yet to be fixed. TOP STORIESTOP STORIESTOP STORIES
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